Lmax.com Review

3.197 • 20 REVIEWS
Updated: Jun 19, 2023
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Lmax is a forex broker. Lmax offers the MT4, MT5, Mobile and WebTrader forex trading top platform. Lmax.com offers over 100 forex currency pairs, cfds, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Other websites of this company include lmaxtrader.co.uk

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $10,000
Established: 2008
Address: Yellow Building, 1A Nicholas Road London, W11 4AN, United Kingdom
Contact: info@lmax.com, +44 20 3192 2500
Regional offices:
Regulators: FCA #509778, 783200
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader, MobileTrader (MobileApp)
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (100+)
Cryptocurrencies: (15+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
PAMM: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), MasterCard, Bitcoin
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), MasterCard, Bitcoin
* Please check broker website for more information
3.197 • 20 REVIEWS

Recent User Reviews of Lmax.com

London, United Kingdom,
Feb 27, 2021,
Registered user

Scalpers beware of candle manipulation on live charts

Service use: Live Length of use: over 1 Year
LMAX might boast of disruptor technology and other stuff. But all Fx Brokers have hidden agendas that can’t be identified on the surface.

Just want to alert Scalpers. Something dodgy is going on in the background on live 1 minute charts. If you compare live 1 minute candles with cTrader or MT4 their candles are constantly manipulated. I have noticed the candles suddenly change from long green candles into tails after the last candle bar was closed 1 minute ago. Also, the live candles are half hidden on the chart on the hard right edge. I first thought it was my iPad fault. It happens on my android phone app too. It’s kind of a bait to TRICK you into taking a trade and then the PREVIOUS CLOSED 1 MINUTE CANDLE suddenly changes INTO A DOJI when the next current candle is live. You have to be really glued to your charts to catch this while comparing cTrader and MT4 - 1 minute charts.

Trade with LMAX at your own charting risk.
Serbia, Serbia,
Jul 1, 2020,
Registered user

Unprofessional, terrible customer support !

Service use: Live Length of use: 6-12 Months
No use of account manager!
He didnt even know basic things that the company update in meanwhile.
When u have money in your account they will kiss your ass, when u have less money they will not answer you.
Feb 3, 2017,
Registered user

My view on LMAX...​

Good Points...
I cannot say enough good things about LMAX when it comes to trustworthiness. They have been nothing but dependable and quick.
Their MT4 set up is very decent, never had an issue...already been trading with them for years.
Their spreads are tight on EURUSD, AUDUSD
They haven't adjusted their margin requirements in panic every time uncertainty looms (most brokers have gone nuts that last year with this)....last time I can recall was Bexit....for the rest, they've stayed put for years.

Bad Points...

Their leverage is very meager in comparison to most retail friendly brokers...just 1:100...
You STILL have to go via a person via chat to transfer money from your MT4 to your web account....come on LMAX, it's 2017!!!
Their SWAP charges are the highest of ANY broker!!

So, would I recommend them....? It depends on the trading you do with them, day traders, short term traders should be OK, but if you have long term strategies, find another broker.
United Kingdom,
Jan 18, 2017,
Registered user

I am really pleased with their services - very fast order execution , customer support and the web platform. You don't have an account manager to disturb you with sales calls like other brokers do, it is strictly business, trading business. When it comes to withdrawing money, you register your debit card and you have the money in your account in couple of hours.
Mark Spinosa
Australia, Australia,
Jul 20, 2016,

Hi Everyone. I have been with Lmax for many years . Theservice and platform are quite good. The Swaps rates are shocking ........ Please compare this with other brokers on myfxbook when trading with them as I have over $6000 in difference over a 5 month period of holding the same positions with other brokers..
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Disclaimer provided by Lmax

FX and CFDs are leveraged products that can result in losses exceeding your deposit.

The information on this website is only directed at institutional and professional clients. It is not directed at residents of any jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local laws or regulations.